SCHEDULE 3Modifying provisions and amendments

PART 2Modification of early leaver and other provisions

Revaluation of preserved benefit6

1

Chapter 2 of Part 4 of the PSA 1993 (protection for early leavers: revaluation of accrued benefits) is modified as follows.

2

In the application of Chapter 2 for the purpose of revaluing benefit payable to or in respect of P under the old scheme—

a

in section 83(1)(a)(ii)73 (scope of Chapter 2), the reference to the date on which P’s pensionable service ends is to be taken as a reference to the date on which P’s pensionable service ends under this scheme; and

b

subsequent references in that Chapter to “the termination date” and the “pre-pension period” are to be construed accordingly.